Vested deferred definition

Vested deferred means a member who receives a vested deferred allowance payable pursuant to subsection 465(a) of this title.
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Vested deferred means a member who receives a vested deferred
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Vested deferred means a right to a benefit from the Plan at a later date. A vested deferred benefit may begin at age 65 or, if the participant elects, reduced payments can begin as early as age 55. (See Question 10.)
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Examples of Vested deferred in a sentence

  • Vested deferred retirement allowance of members retiring on or after July 1, 1994.

  • Vested deferred stock units are distributed either in a lump sum six months after termination of service as a director or, if the director so elects, in annual installments beginning at least six months following termination of service as a director.

  • All of these jurisdictions provide both criminal sanctions and civil/ other remedies.

  • Vested deferred stock units are redeemed on the date a director ceases to be a member of the Board, at which time such director’s deferred stock units will generally be settled in shares of the Company’s common stock issued under our 2018 Plan (or its predecessor plans, depending on the grant date of the deferred stock units) at a rate of one share for each vested deferred stock unit then held.

  • Vested deferred compensation, pension plan, and profit sharing plan benefits will be paid in accordance with the terms of the applicable plans or agreements.

  • DirectorsThe following shares count towards satisfaction of the stock ownership guidelines for directors: • Shares owned outright by director or his or her immediate family members residing in the same household; • Shares held in trust for the benefit of the director or his or her immediate family members residing in the same household; • Vested shares of restricted stock; and • Vested deferred stock units, restricted stock units or performance share units that may only be settled in shares.

  • Vested deferred retirement.—A member who leaves the employ of the Department with 10 or more years of credited service and who is not eligible for any other retirement benefit under this act shall be entitled to the pension provided for in this subsection.

  • If the Participant was receiving a single life annuity pursuant to a Vested deferred Pension, the Death Benefit consists of the Participant's contributions to the JC53 Plan plus interest at five percent (5%) per annum, compounded annually to the earliest date of retirement, termination or death less the total pension payments received by the Participant.

  • Amounts of outstanding deferred compensation, split into vested and unvested portions MANAGEMENT &SUPERVISORY FUNCTIONINSTITUTIONALSECURITIES GROUPNON-INSTITUTIONALSECURITIES GROUPVested at Year End 20201(EUR millions)-2.60.5Unvested at Year End 20202(EUR millions)5.718.21.41 Vested deferred equity and cash-based incentives awarded during and prior to performance year 2020.

  • Vested deferred restricted stock units are paid at the time the applicable deferral period lapses.

Related to Vested deferred

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Deferred Share Unit or “DSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 7;

  • Deferred Shares means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares at the end of a specified Deferral Period.

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.